International. Henkel reported that it increased sales by 8.4% to 4,590 million euros, with a refined EBIT margin of 16.9%. Earnings per preferred share grew by 11.1% to €1.30.
The growth regions made an important contribution to the good evolution, where Latin America registered an organic increase in sales of 10.9% to 280 million euros. The company indicated that the improvement was mainly due to double-digit growth in Mexico.
In the first nine months of 2015, Henkel's sales increased considerably, by €1,413 million to €13,715 million. This corresponds to an increase of 11.5% compared to the first nine months of 2014 and represents a new record value for Henkel. After adjusting the effects of the exchange rate, sales improved by 6.4%. Organically, after adjusting the effects of the exchange rate and acquisitions/divestments, sales increased by 3.1%. All divisions contributed to this.
Henkel specified the current prospects for organic sales growth throughout the year and increased the EPS growth forecast: "We now expect organic sales growth of approx. 3% for 2015. We expect the adjusted EBIT margin to increase by approximately 16% and the adjusted result per preferred share by more than 10%," said Kasper Rorsted, Chairman of the Board of Directors.
Leave your comment